Sunday 21 September 2014
 
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Raya

Raya to build data centre near Cairo

Egypt's Raya Holding has agreed to build New York-based technology firm GPX Global Systems' second data centre in Egypt, the two firms said on Tuesday. The centre, to be built on Cairo's outskirts, will provide services such as data recove

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Raya Q1 net profit more than triples

Egypt's Raya Technology and Communication made a net profit of EGP11.9 million ($2.1 million) in the first quarter of 2010, more than triple the year-ago quarter, the bourse said on Thursday. The firm, which sells mobile handsets, runs cal

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Raya and Palm Hills sign $16m lease deal

Egyptian technology firm Raya and property developer Palm Hills Developments have signed a EGP90 million ($16 million) leasing deal for a Raya-owned property, Raya said on Wednesday. Raya said the deal, signed by the chairmen of both firms

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Raya profit dips 23pc to $7.5m

Egypt's Raya Technology and Communication made a net profit of EGP41.3 million ($7.5 million) in 2009, down 23 per cent on a year earlier, the stock exchange said on Tuesday. The firm, which sells mobile handsets, runs call centres and pro

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Raya withdraws from telecom licence bid

Egypt's Raya Technology and Communication is no longer interested in bidding for two licences to supply cable, voice and Internet services to residential compounds, a report said. The National Telecommunication Regulatory Authority announc

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Fawry seeks to ease hassle of bill payments

Egyptian start-up bill payments company Fawry is betting a rising number of Egyptians opening bank accounts will translate into traffic for its operation, which aims to ease hassle for consumers, billers and banks. Fawry (Arabic for immedi

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Egypt firm to manage GM call centre

General Motors Middle East Operations (GM MEO) has selected the Egyptian-based Raya Contact Center (RCC) to manage communications with its customers across the Middle East.   The main objective of the call centre is to provide i

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Orascom Telecom offers to buy Raya

Egypt's Orascom Telecom has offered to buy technology and communications firm Raya for some 684 million Egyptian pounds ($120.21 million), the stock exchange said. The bourse said Orascom offered to pay 12 pounds ($2.11) per share, just ab

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